AboutMike Wellman Expertise I was a former Manager with Price Waterhouse, now PricewaterhouseCoopers, the largest accounting firm in the world. I have had clients in almost every industry and of every size.
I will only answer questions dealing with IRS problems such as delinquent tax returns, Offers in Compromise (Tax Settlement), IRS collection matters including installment agreements, liens, levies, seizures, audits, appeals, innocent spouse claims and injured spouse claims. All other will be referred to the question pool.
Experience Over 25 years experience in taxation specializing in IRS collections, examinations and appeals.
Publications New York Times, Wall Street Journal, Your Money.
Education/Credentials BBA, Baylor University.
Awards and Honors IRSOS.com won the Knowledgeweb award for educational excellence for content.
Expert: Mike Wellman Date: 7/18/2008 Subject: Injured spouse deductions allotment
Question I am trying to fill out an injured spouse form, as I recently remarried and am not liable for my new husband's past tax debt. Question: How are mortgage interest and real estate deductions alloted? I am on the title to the house and contribute to the payments, however, I am not on the mortgage. FYI: I reside in Illinois, if that matters.
Can you help me?
Thanks so much.
Answer If you itemize your deductions, enter each of your separate deductions, such as employee business expenses or those specifically related to one or the other of you. Allocate other deductions as you determine. You can split mortgage interest and real estate taxes evenly or based on who pays what - whichever is most beneficial.
I advise you to adjust your withholding so you have no refund, to avoid the need to do an injured spouse claim.
